Published: Sun, November 06, 2016
Economy | By Melissa Porter

Essex Investment Management Co Lowers stake in Occidental Petroleum Corporation (OXY)

Essex Investment Management Co Lowers stake in Occidental Petroleum Corporation (OXY)

This means 76% are positive. They set a "buy" rating and a $83.00 price target for the company.

Occidental Petroleum Corporation closed down -1.21 points or -1.75% at $67.79 with 58,10,259 shares getting traded on Wednesday. The North Carolina-based Bb&T has invested 0.03% in Anadarko Petroleum Corporation (NYSE:APC). The ex-dividend date of this dividend is Wednesday, December 7th.

09/13/2016 - Anadarko Petroleum Corporation was upgraded to "buy" by analysts at Johnson Rice. The RSI of 33.29 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now. The rating was downgraded by Stifel Nicolaus on Wednesday, April 6 to "Hold". For the prior quarter revenue for the stock hit $1.92B, with EPS at -$1.12. The firm earned "Buy" rating on Thursday, October 13 by Deutsche Bank.

Return on Assets (ROA) for Occidental Petroleum Corporation NYSE:OXY Independent Oil & Gas is now valued at -17.60%. The average volume stands around 5.49 million shares. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.04. It has outperformed by 30.07% the S&P500.

Insitutional Activity: The institutional sentiment is 0.89 in 2016 Q2. Its the same as in 2016Q1. On average, analysts forecast that Occidental Petroleum Corp. will post ($0.81) EPS for the current year. Tompkins Corporation has 905 shares for 0.01% of their USA portfolio. Oregon Employees Retirement Fund last reported 0.12% of its portfolio in the stock. Intact Inv Mngmt owns 15,600 shares or 0.03% of their U.S. portfolio. Legal & General Group Plc now owns 2,242,180 shares of the oil and gas development company's stock worth $104,425,000 after buying an additional 135,608 shares during the last quarter. Occidental Petroleum Corporation makes up approx 0.05% of Howe Rusling Inc's portfolio. Comerica Bank, a Michigan-based fund reported 154,884 shares. Gru One Trading Lp holds 36,908 shares or 0.02% of its portfolio.

Occidental Petroleum Corporation (NYSE:OXY) Independent Oil & Gas prevailing Dividend Yield is 4.51% that has a Payout Ratio of *TBA. The investment management company now holds a total of 37,657 shares of Occidental Petroleum Corporation which is valued at $2,552,768 after selling 20 shares in Occidental Petroleum Corporation, the firm said in a disclosure report filed with the SEC on Nov 1, 2016.Occidental Petroleum Corporation makes up approximately 0.44% of Essex Investment Management Co's portfolio.

07/07/2016 - Occidental Petroleum Corporation was downgraded to "outperform" by analysts at Raymond James. Citigroup maintained Anadarko Petroleum Corporation (NYSE:APC) on Monday, September 14 with "Neutral" rating.

Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The company's Market capitalization is $50.62 Billion with the total Outstanding Shares of 764.19 million. It offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services; and patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that provides data collection services to oil and gas exploration and service companies, and RIGWATCH software, which monitors a rig's real-time performance and daily reporting for drilling operations. It now has negative earnings. The Company's segments include Oil and Gas Exploration & Production; Midstream, and Marketing.

02/23/2016 - Occidental Petroleum Corporation had its "buy" rating reiterated by analysts at Wells Fargo. Majority of the company's total proved reserves are located in the USA, primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. The Hedge Fund company now holds 5,303,392 shares of OXY which is valued at $394,519,331. Occidental Petroleum Corporation makes up approx 0.04% of Stratos Wealth Partners Ltd.'s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in OXY by selling 3,150 shares or 19.87% in the most recent quarter. The oil and gas segment explores for develops and produces oil and condensate natural gas liquids (NGL) and natural gas. The Marketing segment markets oil, natural gas, and NGLs in the United States; oil and NGLs internationally; and anticipated liquefied natural gas production from Mozambique. The company had revenue of $2648.00 million for the quarter, compared to analysts expectations of $2641.15 million.

09/13/2016 - Anadarko Petroleum Corporation had its "overweight" rating reiterated by analysts at Morgan Stanley.'s news article titled: "Anadarko Schedules Third-Quarter 2016 Earnings Conference Call for November 1" with publication date: October 18, 2016 was also an interesting one.

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